Tag: Federal Reserve
Compliance costs mount for small financial firms
Smaller financial institutions are facing mounting structural challenges in meeting anti-money laundering (AML) requirements, despite being held to the same regulatory standards as their...
Markets steady as Fed signals patient rate approach
The US Federal Reserve has opted to keep interest rates unchanged, a move that was widely anticipated by market participants.
Discover hit with $250m in fines as FDIC demands major merchant...
The Federal Deposit Insurance Corporation (FDIC) has announced three enforcement actions against Discover Bank, headquartered in Greenwood, Delaware, in response to longstanding issues with...
Lending Technology sees major drop in deal activity YoY but remains...
Key Lending Technology investment stats up to Q3 2023
• Lending Technology deal activity is on track to reach 521 transactions in 2023, a 15%...
US Fed unveils FedNow, ushering in new era of instant banking...
In an endeavour to modernise financial transactions, the Federal Reserve launched its instant payment platform, the FedNow Service.
US Federal Reserve unveils climate risk exercise for big banks
The US Federal Reserve has released details for its first climate scenario analysis exercise for the six largest US banks.
Federal Reserve to launch real-time payments service in summer 2023
The Federal Reserve has accelerated the timing of the launch of FedNow, its real-time payments service, to the summer of 2023. ?
Federal Reserve Board proposes changes to payment system
The US Federal Reserve Board has issued the final guidelines that establish a transparent, risk-based and consistent set of factors for Reserve Banks to use when reviewing requests to access Federal Reserve accounts and payment services.
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